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Happy Friday, team. I'm Phil Rosen — after a few days cruising the Caribbean (I even spent time in Sam Bankman-Fried's old stomping grounds) it's good to be back.
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Happy Friday, team. I'm Phil Rosen, writing to you from New York City. I have a favor to ask: Insider is seeking nominations for the top equity analysts under the age of 35.
Happy hump day, team. I'm senior reporter Phil Rosen, writing to you just blocks away from where Goldman Sachs held their second-ever investor day on Tuesday.
If you're not familiar with investor days, it's basically when a company gives an update on where they stand and where they're going.
Goldman's first one was in 2020 — but a lot has changed since then.
Good morning. Phil Rosen here, reporting from New York City.
Economic data out Monday told us Americans are spending less on big-ticket items, with durable goods orders declining 4.5% in January from the prior month.
It marked a bigger drop than expected, but it does little to change that the American consumer is off to a strong start this year.
But remember, a strong consumer means high demand, which helps inflation stick around. That's the opposite of what the Federal Reserve wants.
Hello! I'm Phil Rosen, reporting from New York City.
Expect to see the market move today in response to the Fed's preferred inflation gauge, Personal Consumption Expenditures, which will be released at 8:30am.
Economists surveyed by Bloomberg expect to see a rise of 0.5% in January from the prior month, which would be the biggest leap since the middle of last year.